Indian Economics

Part 1.

 Q.1.The best indicator of economic development of any country is ?

A. Its agriculture

B. Its transport

C. Its gross production

D. Its per capita income

Ans. Its per capita income


Q.2. What is the main stay of Indian economy ?

A. Manufacturing

B. Business

C. Public sector

D. Agriculture

Ans. Agriculture


Q.3. The data of estimation of India's National income is issued by ?

A. Planning Commission

B. National Data Center

C. Central Statistical Organisation

D. None of above

Ans. Central Statistical Organisation


Q.4. The concept of Economic Planning in India is derived from ?

A. USA

B. UK

C. Australia

D. Russia

Ans. Russia


Q.5. Which of the following plans aimed at the  removal of poverty and attainment of self-reliance?

A. Second plan

B. Third plan

C. Fourth plan

D. Fifth plan

Ans. Fifth plan


Q.6. When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme?

A. 1973

B. 1974

C. 1975

D. 1976

Ans. 1975


Q.7. Agriculture employs almost what percent of the Indian population?

A. 90

B. 50

C. 40

D. 70

Ans 70


Q.8. Which one of the following was launched with the objective of helping the poor in rural areas to become self employed?

A. DPAP

B. IRDP

C. TRYSEM

D. DDP

Ans. TRYSEM


Q.9. The launching of five year plans in India saw the introduction of

A. mixed economy

B. socialist economy

C. capitalist economy

D. closed economy

Ans. Mixed economy


Q.10. An economy is at the take off stage on its path to development when it

A. becomes stagnant

B. begins steady growth

C. is liberalized

D. gets maximum foreign aid


Ans. Begins steady growth

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